BLOOMFIELD, Conn. (AP) 鈥� BLOOMFIELD, Conn. (AP) 鈥� The Cigna Group (CI) on Thursday reported first-quarter profit of $1.65 billion.
The Bloomfield, Connecticut-based company said it had net income of $6.26 per share. Earnings, adjusted for one-time gains and costs, were $7.79 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $7.62 per share.
The health insurer posted revenue of $68.49 billion in the period. Its adjusted revenue was $68.52 billion, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $66.74 billion.
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